S.Amdt. 3096

SA 3096. Mr. BENNETT submitted an amendment intended to be proposed
to amendment SA 2786 proposed by Mr. Reid (for himself, Mr. Baucus, Mr.
Dodd, and Mr. Harkin) to the bill H.R. 3590, to amend the Internal
Revenue Code of 1986 to modify the first-time homebuyers credit in the
case of members of the Armed Forces and certain other Federal
employees, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. __. IMPLEMENTATION OF MANDATORY SPENDING PROGRAMS.

(a) In General.--If Federal mandatory spending (minus
interest expense) exceeds 50 percent of Federal outlays in a
fiscal year, it shall not be in order in the Senate or the
House of Representatives to consider any legislation
resulting in new mandatory spending for such fiscal year or
any fiscal year thereafter until such spending is less than
50 percent of such outlays for a fiscal year.
(b) Waiver.--This section may be waived or suspended in the
Senate or House of Representatives only by an affirmative
vote of 3/5 of the members, duly chosen and sworn.
(c) Appeal.--An affirmative vote of 3/5 of the members of
the Senate or House of Representatives, duly chosen and
sworn, shall be required to sustain an appeal of the ruling
of the Chair on a point of order raised under this section.
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